Honkarakenne Oyj

Business and Financial Review • Dec 19, 2018

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Honkarakenne Oyj - Inside information

HONKARAKENNE LOWERS ITS MARKET GUIDANCE FOR YEAR 2018

HONKARAKENNE OYJ Stock Exchange Release 19 December 2018 at 9:00 a.m.

HONKARAKENNE LOWERS ITS MARKET GUIDANCE FOR YEAR 2018

Honkarakenne lowers its market guidance concerning result before taxes but keeps its guidance concerning growth in net sales unchanged. The reason for lower than expected financial performance is decrease in sales volume in Russia and lower than expected profitability in Finland.

Updated guidance: Honkarakenne’s view is that net sales will be higher than in the previous year and the profit before taxes will be positive in year 2018.

Honkarakenne’s previous guidance was the following: In Honkarakenne’s view, net sales in 2018 will be higher and the profit before taxes will be better than in the previous year.

HONKARAKENNE OYJ

Marko Saarelainen

President and CEO

Further information:

Marko Saarelainen, President and CEO, tel. +358 (0)40 542 0254, marko.saarelainen@honka.com or

Leena Aalto, Vice President - Finance, CFO, tel. +358 (0)40 769 4590, leena.aalto@honka.com

DISTRIBUTION

NASDAQ OMX Helsinki

Key media

Financial Supervisory Authority

www.honka.com

Under its Honka® brand, Honkarakenne manufactures high-quality, healthy and ecological detached houses, holiday homes and public buildings using Finnish solid wood. The company has delivered 85,000 buildings to more than 50 countries. House packages are made in Finland, the companys’s own factory is located in Karstula, Finland. In 2017, the Honkarakenne Group had net sales of MEUR 43.4, of which exports accounted for 41%. www.honka.com